Funding Impact Statement and Income Statement - Water Supply

Funding Impact Statement for the Years Ended 30 June 2026 - 2034 for Water Supply
(shown in $000s)
	2025 Annual Plan	2026 Budget	2027 Budget	2028 Budget	2029 Budget	2030 Budget	2031 Budget	2032 Budget	2033 Budget	2034 Budget
Sources of operating funding
General rates, uniform annual general charges, rates penalties	0	0	0	0	0	0	0	0	0	0
Targeted rates	32,045	36,852	44,164	51,156	53,899	56,981	59,071	61,403	64,126	67,622
Subsidies and grants for operating purposes	0	0	0	0	0	0	0	0	0	0
Fees and charges	6,632	7,505	7,820	8,133	8,442	8,729	8,991	9,243	9,455	9,673
Internal charges and overheads recovered	316	795	560	0	0	0	0	0	0	0
Local authorities fuel tax, fines, infringement fees, and other receipts	0	0	0	0	0	0	0	0	0	0
Total operating funding	38,993	45,152	52,544	59,289	62,341	65,710	68,062	70,646	73,581	77,295

Application of operating funding
Payments to staff and suppliers	21,728	21,191	22,166	22,947	24,254	25,336	26,427	27,519	28,570	29,681
Finance costs	6,407	3,912	5,111	5,875	5,942	6,883	6,799	6,931	7,506	8,607
Internal charges and overheads applied	1,916	1,808	1,862	1,913	1,961	2,008	2,054	2,099	2,143	2,188
Other operating funding applications	0	0	0	0	0	0	0	0	0	0
Total application of operating funding	30,051	26,911	29,139	30,735	32,157	34,227	35,280	36,549	38,219	40,476

Surplus/(deficit) of operating funding	8,942	18,241	23,405	28,554	30,184	31,483	32,782	34,097	35,362	36,819

Sources of capital funding
Subsidies and grants for capital expenditure	119	131	69	0	0	0	0	0	0	0
Development and financial contributions	819	819	819	819	819	819	819	819	819	819
Increase/(decrease) in debt	23,820	23,090	27,117	9,425	-6,683	-4,897	991	3,711	18,730	24,619
Gross proceeds from sale of assets	0	0	0	0	0	0	0	0	0	0
Lump sum contributions	0	0	0	0	0	0	0	0	0	0
Other dedicated capital funding	0	0	0	0	0	0	0	0	0	0
Total sources of capital funding	24,758	24,040	28,005	10,244	-5,864	-4,078	1,810	4,530	19,549	25,438

Application of capital funding
Capital expenditure
- to meet additional demand	3,356	7,231	7,135	6,458	3,349	4,108	4,183	4,530	6,732	8,216
- to improve the level of service	17,307	15,519	17,828	16,828	10,844	12,547	13,910	14,524	18,582	12,672
- to replace existing assets	13,037	19,531	26,447	15,512	10,127	10,750	16,499	19,573	29,597	41,369
Increase/(decrease) in reserves	0	0	0	0	0	0	0	0	0	0
Increase/(decrease) of investments	0	0	0	0	0	0	0	0	0	0
Total application of capital funding	33,700	42,281	51,410	38,798	24,320	27,405	34,592	38,627	54,911	62,257

Surplus/(deficit) of capital funding	-8,942	-18,241	-23,405	-28,554	-30,184	-31,483	-32,782	-34,097	-35,362	-36,819

Funding balance	0	0	0	0	0	0	0	0	0	0

Income Statement for the Years Ended 30 June 2026 - 2034 - Water Supply
(shown in $000s)
	Approved Budget 2025	Budget 2026	Budget 2027	Budget 2028	Budget 2029	Budget 2030	Budget 2031	Budget 2032	Budget 2033	Budget 2034
Revenue
Rates revenue	32,045	36,852	44,164	51,156	53,899	56,981	59,071	61,403	64,126	67,622
External revenue	6,631	7,505	7,820	8,133	8,442	8,729	8,991	9,243	9,455	9,673
Grants and subsidies revenue	119	131	69	0	0	0	0	0	0	0
Development contributions revenue	819	819	819	819	819	819	819	819	819	819
Vested assets	550	550	550	550	550	550	550	550	550	550
Internal revenue	316	795	560	0	0	0	0	0	0	0
Total revenue	40,480	46,652	53,982	60,658	63,710	67,079	69,431	72,015	74,950	78,664

Expenditure
Personnel costs	5,652	4,789	4,858	5,008	5,131	5,253	5,373	5,491	5,607	5,724
Operations and maintenance	8,579	8,870	9,561	10,391	11,212	11,807	12,412	13,033	13,622	14,313
Occupancy costs	6,612	5,980	6,268	6,538	6,863	7,192	7,525	7,847	8,167	8,442
Consumables and general	886	1,553	1,479	1,010	1,048	1,084	1,117	1,148	1,174	1,201
Grants and subsidies	0	0	0	0	0	0	0	0	0	0
Internal charges	1,917	1,808	1,862	1,913	1,961	2,008	2,054	2,099	2,143	2,188
Depreciation and amortisation	31,596	26,365	26,900	28,554	30,184	31,483	32,782	34,097	35,362	36,820
Interest	6,407	3,912	5,111	5,875	5,942	6,883	6,799	6,931	7,506	8,607
Total expenditure	61,649	53,277	56,039	59,289	62,341	65,710	68,062	70,646	73,581	77,295

Net surplus/(deficit)	-21,169	-6,625	-2,057	1,369	1,369	1,369	1,369	1,369	1,369	1,369

Expenditure by Activity
Water	61,649	53,277	56,039	59,289	62,341	65,710	68,062	70,646	73,581	77,295
Total expenditure	61,649	53,277	56,039	59,289	62,341	65,710	68,062	70,646	73,581	77,295

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